1st National Bank - Audrain Cnty SBA Loan to Services Company

Searching for a Missouri SBA loan? Here's one Missouri business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Mexico, Missouri, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was 1st National Bank - Audrain Cnty, based in Mexico, Missouri.

SBA Loan Borrower

COMPANY TYPE: SERVICES
MEXICO, MO 65265

SBA Loan Lender

1ST NATIONAL BANK - AUDRAIN CNTY
203 E LIBERTY
MEXICO, MO 65265

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$89,100

Loan Approval from the SBA

Of the total $89,100 loan amount, the SBA guaranteed $71,280.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Getting a Small Business Loan

Best Banks in Mexico, Missouri

Missouri SBA Banks